Estimates are made of multi-factor versions of the Cox-Ingersoll-Ross model of the term structure of interest rates using the Kalman filter. Estimates are obtained using weekly UK Gilt-edged market data over the period 1982–1997. Empirical results support the need for a multi-factor model and...

This paper addresses the trade-off between unfavourable air pollution levels and favourable weather conditions for selecting a date for the staging of an outdoor event. For an event date that has been fixed, it presents a personal preference-based data-driven decision framework for individual...